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- W4387056510 abstract "This chapter investigates the optimal production and pricing decisions of a self-pricing manufacturer and the optimal cap-setting decisions of a regulator under cap-and-trade regulation. The objectives of the manufacturer and the regulator are to maximize profit and social welfare, respectively. We first derive the optimal joint production and pricing decisions and the corresponding total emissions of the manufacturer, with given parameters of the cap-and-trade regulation. Based on these results, we then solve the optimal cap of the regulator. In addition, we show the impacts of the emission intensity on the optimal total emissions and the optimal cap. Surprisingly, we find that both the optimal total emission and the optimal cap first increase and then decrease as the emission intensity increases." @default.
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- W4387056510 date "2023-01-01" @default.
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- W4387056510 title "Production Planning and Cap-Setting Under Cap-and-Trade Regulation Considering Differentiated Emission Trading Prices" @default.
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- W4387056510 doi "https://doi.org/10.1007/978-3-031-37600-9_2" @default.
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